FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES UPTO 30-09-2022

Savings Bank Account
Minimum Balance Required to open account without cheque book facility R200
Minimum Balance Required to open account with cheques book facility R500
Minimum Balance Required to open account by expatriates With/without cheques book facility R500
Bank card FREE
Cheque returned for insufficient funds R500
Lost/ Replacement of Bank Card. R 50
Balances below specified amount i.e R200/-(without cheque book)& R500/-(with cheque book) R 50 p.m
Maintenance of Dormant a/c* No charge
(*When account is not operated for -2-years)
Cash Transaction at the counter FREE
Unauthorized O/D (not allowed) 24%p.a on overdrawn account
Cheque Books 50 pages R130, 100 pages R200
Duplicate statement R10 per page

Current Account(Individual and Business)
Minimum Balance Required to open account R5000/-
Current a/c Closure charge No charge
Cheque books 50 pages R130, 100 pages R200
Cheque returned for insufficient funds R500
Temporary Overdraft 24% p.a on overdrawn account
Request archive statements(30 entries per page) R10 per page
Maintenance of Dormant a/c*
(*When account is not operated for-1- year)
Nil
-
Automated transfers FREE
Balances below R5000 R200 p.m
Unauthorized O/D (not allowed) 24%p.a on overdrawn account
Maintenance fee(half yearly) R100
Cash Transaction at the counter FREE
Duplicate statement charge R20 per page

Foreign Currency Current Account
Minimum Balance Required to open Foreign currency account
a) For salary A/c
b) For others
Equivalent to USD 25
Equivalent to USD 100
Inward transfers received from banks No charge
Maintenance of Dormant a/c 5No charge
Local cheque collection SD5
Cheque book 50pages(Current Account)) USD10

Fund Transfers
LOCAL PAYMENTS  
Fund transfer through SEFT (Manual / Over the counter) SCR 20
Fund transfer through SWIFT (for any amount) R50
Banker’s cheques R50
FOREIGN PAYMENTS  
SWIFT/ TT ( in case currency/country differs)  
Transfer to India in INR through Rapid Funds to India SCR 35 or equivalent
(** plus correspondence bank charge, if any)  
Foreign Drafts R400
Cancellation of draft R50

Standing Orders
Current a/c & Savings a/c(Internal transfer) No charges
Current a/c & Savings a/c(External payment) EFT R20/-
Current a/c & Savings a/c(Exter. payment) SWIFT R50/-
New standing order set up for external remittance.(One time) Rs25/-
Unpaid due to insufficient funds R500

Documentary Credits (Inwards)
Opening/ Establishment of LC 2% min. R300 p.q.> 3 months 50% p.q. or part thereof
Advising/ Notification No charge
Negotiation 1% subject to minUSD50
Confirmation No charge
Amendment 2% of increased amount, min. R250.
Acceptance 1% min. R250
Under other credits No charge
Commission on Payment No charge
Commission on Issuance No charge
Verification of documentation, collection No charge
Telex/Fax/ Swift sent at client’s request R125

Documentary Credits (Outwards)
Notification No charge
Acceptance 0.50%minUSD40
Confirmation No charge
Negotiation 0.50%minUSD40
Opening/ Transferring 2%p.q minR400
Drawing/verification of documentation R100
Amendment 2% of increased amount, min. R250.
Shipping guarantee R500
Telex/ Fax/ Swift sent at client’s request R125

Loan and Advances Fees
Business O/D & loans – fresh /renewal fee 1%minR300
Processing Charge for adhoc/Excess 2% of the amount sanctioned
Personal loan fresh only 1% MinR400 MaxR1000

Home loan: upto SCR 1.5 Mn
   Above SCR 1.5 Mn

SCR 2500 For first home acquirer and 0.25% for others
0.50% of loan amount
Car loan (fresh only) Car Loan-1% MinR300
Loans – full pre-payment fee No charge
Loan/OD against FDR SCR300 (FOR ANY LIMIT)
C/F Loan & Advance Fees, Processing Fee
Amendment to loan contracts/agreement ————-
———————————————
No charge
Detail of loan repayment No charge
Pre-mature closure No charge
Part-repayment (require rescheduling) No charge
Prepayment charge: Loan in SCR currency
Loan in Fgn currency
-NIL-
3% on prepayment amount
Unpaid term loan (Overdue) 2%p.a+ normal interest rate
Unpaid term loan (Overdue) 2%p.a+ normal interest rate
Penalty interest rate 2%p.a+ normal interest rate
Legal Fee(as charged by the lawyers) Actual
Loan – cancellation of agreement (pre-disbursement) R500

Guarantees, Bonds, indemnities etc.
Immigration Guarantee/bond/indemnities. 1%p.a MinR500p.a
Financial Guarantee 2%p.a
Performance Guarantee 0.5%p.a

Bill for Collection(Inward and Outward)
Inward (documentary) 1%minimum SCR350+SCR300 transmission cost
Inward (clean) USD 30
Holding bill beyond due date SCR250/-
Outward(sight/tenor) 0.25%,minUSD20
Tracer to charges R200
Courier Charges Actual
Non-Standard Cheques for collection SCR100 per cheque.

Miscellaneous
Bank audit report to company’s auditors Balance confirmation only-R100,Also other detailsR200
Status report for customers R100
Safe custody R500 to R2000 p.a. depending on the size of the lockers
Attestation of documents R50 per documents
Loss of wallet/ key R5000

Internet Banking Facilities
Transaction based Free of cost

Abbreviations
p.m – Per Month PLR—11.00%p.a w.e.f 16-04-2018
FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4618000 ,4618001,4618002,4618009 & 4618011
a/c – Account
max – Maximum
LC – Letter of Credit
p.a – Per Annum
Fgn – foreign

FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES W.E.F 01-10-2022

Savings Bank Account
Minimum Balance Required to open account without cheque book facility R200
Minimum Balance Required to open account with cheques book facility R500
Minimum Balance Required to open account by expatriates With/without cheques book facility R500
Bank card FREE
Cheque returned for insufficient funds R500
Lost/ Replacement of Bank Card. R150
Balances below specified amount i.e R200/-(without cheque book)& R500/- (with cheque book) R50 p.m
Maintenance of Dormant a/c* No charge
(*When account is not operated for -2-years) -
Cash Transaction at the counter FREE
Unauthorized O/D (not allowed) 24%p.a on overdrawn account
Cheque Books 50 pages R175, 100 pages R250
Duplicate statement R10 per page

Current Account(Individual and Business)
Minimum Balance Required to open account R5000/-
Current a/c Closure charge No charge
Cheque books 50 pages R175, 100 pages R275
Cheque returned for insufficient funds R500
Temporary Overdraft 24% p.a on overdrawn account
Maintenance of Dormant a/c* Nil
(*When account is not operated for-1- year) -
Stop payment of cheque (per leaf) R100
Automated transfers FREE
Balances below R5000 R200 p.m
Maintenance fee(half yearly) R100
Cash Transaction at the counter FREE
Duplicate statement charge R20 per page

Foreign Currency Current Account
Minimum Balance Required to open Foreign currency account
a)For salary A/c

   For others

Equivalent to USD 25 Equivalent to USD 100
Inward transfers received from banks No charge
Maintenance of Dormant a/c No charge
Foreign currency account maintenance Non-Individuals (Per month)

USD, EUR & GBP – USD 5, EUR 5 and GBP 5 respectively

Individuals (Per month)

USD, EUR & GBP – USD 1, EUR 1 and GBP 1 respectively

Transfer within branch No charge
Cash withdrawal No charge
Cash deposit No charge
Local cheque collection USD 5 , GBP 5 , EUR 5 as the case may be
Cheque book 50pages(Current Account)) USD15

Fund Transfers
Local Payments  
Fund transfer through SEFT (Manual / Over the counter) SCR 20
Fund transfer through SWIFT (for any amount) R50
Banker's cheques R50
Foreign Payments  
SWIFT/ TT ( in case currency/country differs) 0.25% plus correspondent Bank Charges, if any. Min – USD 10 , Maximum USD 100
Transfer to India in INR through Rapid Funds to India (against USD/EUR/GBP) SCR 60
Transfer to India in INR through Rapid Funds to India (against SCR)
Upto SCR 50000
More than SCR 50000
 

SCR 75

SCR 90

(** plus correspondence bank charge, if any)  
Foreign Drafts R400
Cancellation / Revalidation of draft / Banker’s Cheque R100

Standing Orders
Current a/c & Savings a/c(Internal transfer) No charges
Current a/c & Savings a/c(External payment) EFT R20/-
Current a/c & Savings a/c(Exter. payment) SWIFT R50/-
New standing order set up for external remittance.(One

time)

Rs25/-
Unpaid due to insufficient funds R100

Documentary Credits (Inwards)
Opening/ Establishment of LC 2% min. R300 p.q.> 3 months 50% p.q. or part thereof
Advising/ Notification No charge
Negotiation 1% subject to minUSD50
Confirmation No charge
Amendment 2% of increased amount, min. R250.
Transferring of LC No charge
Acceptance 1% min. R250
Under other credits No charge
Commission on Payment No charge
Commission on Issuance No charge
Verification of documentation, collection No charge
Telex/Fax/ Swift sent at client's request R125

Documentary Credits (Outwards)
Notification No charge
Acceptance 0.50%minUSD40
Confirmation No charge
Negotiation 0.50%minUSD40
Opening/ Transferring 2%p.q minR400
Drawing/verification of documentation R100
Amendment 2% of increased amount, min. R250.
Shipping guarantee R500
Telex/ Fax/ Swift sent at client's request R125

Loan and Advances Fees
Business O/D & loans - fresh 1% min R300
Business O/D & loans – Renewal 1% min R300 max R50000
Processing Charge for adhoc/Excess 2% of the amount sanctioned
Personal loan -On Sanction 1% MinR400 MaxR1000
Home loan: upto SCR 1.5 Mn

                     Above SCR 1.5 Mn

SCR 2500 For first home acquirer and 0.25% for others 0.50% of loan amount
Car loan - On sanction
                  Review/Renewal

1% MinR300
R100
 

Loan against SCR denominated FDR

SCR 500 for loan upto SCR 1 Mn
SCR 1000 for loan above SCR1 Mn
Loan/OD against Foreign currency FDR (Fresh) 0.25% of Loan amount with Min R500
OD against Foreign currency FDR (Review) SCR 500 for loan upto SCR 1 Mn

0.10% maximum 10,000 for above SCR1 Mn

C/F Loan & Advance Fees, Processing Fee

Amendment to loan contracts/agreement -------------

For Loan upto SCR 1 Mn : R1500

For loan above SCR 1 Mn : R5000

Detail of loan repayment No charge
Pre-mature closure No charge
Part-repayment (require rescheduling) No charge
Prepayment charge: Loan in SCR currency

Loan in Fgn currency

-NIL-

3% on prepayment amount

Overdue penal interest 2%p.a on overdue amount
Legal Fee(as charged by the lawyers) Actual
Loan - cancellation of agreement (pre-disbursement) R500
Loan Eligibility Letter R300

Guarantees, Bonds, indemnities etc.
Immigration Guarantee/bond/indemnities. 1% p.a Min R500p.a
Financial Guarantee 2%p.a
Performance Guarantee 0.5%p.a

Bill for Collection(Inward and Outward)
Inward (documentary) 1%minimum SCR350+SCR300 transmission cost
Inward (clean) USD 30
Holding bill beyond due date SCR250/-
Outward(sight/tenor) 0.25%,minUSD20
Tracer to charges R200
Courier Charges Actual

Miscellaneous
Bank audit report to company's auditors Balance confirmation only-R100, with other detailsR200
Status report for customers R100
Safe custody / Locker Small – R1200 p.a. Medium- R2000 p.a., Large – R3000 p.a.
Attestation of documents R100 per documents
Loss of wallet/ key R5000

Internet Banking Facilities
Transaction based Free of cost

Debit card
First card issuance Free
Regeneration of PIN Free
Reissuance of lost card R150

Abbreviations
p.m - Per Month
a/c - Account
max - Maximum
LC - Letter of Credit
p.a - Per Annum
Fgn - foreign

PLR---9.25% W.E.F. 01-10-2021

FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4673914,4673915,4673901

 

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